Siglent Technologies CO.,Ltd. researches, (688112) Fair Value & Analysis
Technology · CN · Market cap 11.2B CNY
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 29 days ago
Share price −26.8% over the past month.
A strong business, but screening 66% overvalued on our models.
What matters now
- A high-quality business (quality 79/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥22.38). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
56‑month range ¥19.92 – ¥84.91 · fair‑value band ¥13.43 – ¥22.38 · the ¥52.70 price screens above the ¥17.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Siglent Technologies CO.,Ltd. researches, (688112) currently trades at ¥52.70, while our model-based Fair Value estimate is ¥17.91, implying the stock looks roughly 66.0% overvalued today. The Quality Score stands at 79/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Siglent Technologies CO.,Ltd. researches, generated revenue of 632M CNY at a net margin of 22.2%. Revenue grew 22.9% year over year. It earns a return on equity of 8.7%. The balance sheet holds a net cash position of 1.2B CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥13.43 (bear case) to ¥22.38 (bull case); at ¥52.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -66%, 688112 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (¥33.23) versus Asset-Based (¥6.74). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 77 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Siglent Technologies CO.,Ltd. researches, develops, produces, sells, and services electronic test and measurement equipment in China and internationally.
Full company description
Siglent Technologies CO.,Ltd. researches, develops, produces, sells, and services electronic test and measurement equipment in China and internationally. The company provides digital oscilloscopes, function/arbitrary waveform generators, spectrum and vector network analyzers, real time spectrum analyzers, RF/microwave signal generators, digital multi-meters, DC power supplies, handheld oscilloscopes, electronic loads, and other general test instruments. It serves automotive, communications, power supply, research and education, and consumer electronics industries. The company was founded in 2002 and is headquartered in Shenzhen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Siglent Technologies CO.,Ltd. researches, reported revenue of ¥602M in FY2025 versus ¥304M in FY2021, a compound +18.6%/yr. Reported net income was ¥143M in FY2025, compounding +15.2%/yr from FY2021.
688112 screens 66% overvalued. Compare with Keysight Technologies, Inc →
Peer Group
Scientific & Technical Instruments · 161 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $315.90 | $84.16 | -73% |
| Garmin Ltd GRMN | $241.76 | $146.67 | -39% |
| Teledyne Technologies Incorporated TDY | $635.52 | $367.58 | -42% |
| Chroma ATE Inc 2360 | 1,905 TWD | 286.15 TWD | -85% |
| Hexagon AB HEXAB | kr 80.10 | kr 52.93 | -34% |
| MKS Inc MKSI | $324.69 | $77.46 | -76% |
| AVIC Chengdu Aircraft Company 302132 | ¥52.91 | ¥34.47 | -35% |
| Fortive Corporation FTV | $61.78 | $33.84 | -45% |
| Trimble Inc TRMB | $52.72 | $24.47 | -54% |
| Cognex Corporation CGNX | $64.07 | $13.75 | -79% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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